I like one shipping container to house all of our equipment we need to operate the park.

Even with me being as proactive as possible, the $200/month HOAs put me at 44% operating costs.

I prefer a properly operated LLC (again, opinions differ) along with a solid umbrella policy.

For instance, nowhere in MD law does it say a condo association has specific right to tow a legally registered, operating vehicle simply for parking lot maintenance purposes, but there is case law to support it and it is done frequently even if there is no mention of it in the condo rules or bylaws.

However, I did have an attorney draw up an operating agreement for the first one in each state, and used that as a template for the other ones.

Here is what I am considering for my 1st deal:$63k purchase price for a duplexRents are $550 each unit + utilitiesRE Taxes are $1,517 per yearHere is what I underwrote:20% down6% fully amortizing 30 year loan(P&I of $297)Repairs: $50 per month (reserve)Trash: $30 per monthInsurance $150 per monthTravel: $60 per month (2 trips)Contingency: $50 per monthTotal operating expenses: Including RE Taxes of $511Total Income less 10% vacancy: $11,880Total Expenses of: $6,137NOI of $5,743Debt Service of: $3,569Cash flow: $2,174 or $181 per monthIs there anything I am missing?

concrete backer board is one way to go or you could use DITRA the orange membrane that goes underneath tile and is a great product.

OTOH, I've confirmed that they *are* the primary operators and owners of the business, from several online sources, including Oakland BBB.

I would check them out if they do operate by you.

Depending on what you want to do they can be very,very involved.Most developers are buying value add buildings already constructed and operating for less than what it cost to build new.They are still building in areas where demand is really high and not much product is available.With that you have to see who is building what and where and how many other applications for new buildings for the area are in the process.You have to time the market with your land purchase,build out,and lease up so that you are not finishing your product in a saturated market.You can have 55 and over regular communities, acute care only,or a mix etc.Income is good but management and regulation is more intensive.Depending on size you would want to bring on a senior housing developer with a track record of experience.